IBM Universal Payment Solution to Support Central Bank-issued Cryptocurrencies

[kreslik.news]

IBM (NYSE: IBM), KlickEx Group, a regional financial services company, and Stellar.org, a nonprofit organization that supports an open source blockchain network for financial services, have announced a new regional cross-border payments solution. Designed to improve efficiency and reduce the cost of making global payments for business and consumers the solution uses IBM blockchain technology to provide both clearing and settlement of trades on a single network in real time.

Universal payments

The IBM universal payments solution is intended to simplify the way funds are exchanged around the world, and to reduce settlement time from days to seconds. The solution ... (read more)